Skilled Nursing News May 3, 2024
Despite high interest rates, CareTrust REIT (NYSE: CTRE) is well positioned to invest and gain from the steady flow of attractive investment deals prevalent in the skilled nursing sector today, with executives underlining the company’s access to capital to feed a historic robust phase of growth.
“We conservatively established a fortress balance sheet for times like this, and because of strategic relationships we’ve formed and because our cost of equity is remarkably a touch lower than our cost of debt today, we are better positioned to invest and grow than at any time in our company’s history,” Dave Sedgwick, CareTrust’s president and CEO, said during the company’s call to discuss its 2024 first quarter results on Friday. “It’s extraordinary to...
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